Indiana Grain Company, LLC

Posted: 03/11/10

By: tomgrisafi

JPMorgan Chase is the king of the hedge fund castle, at least in terms of heft, according to a new ranking by Pensions and Investments magazine.

The bank’s two hedge fund units, JPMorgan Asset Management and Highbridge Capital Management, came out on top with a combined $53.5 billion in assets under management as of Dec. 31, the publication said. The figure represents an 18.9 percent increase for the banks’ hedge fund assets at the end of of 2007, when Pensions and Investments compiled its last industry ranking.

Coming in at number two was Bridgewater Associates, with $43.6 billion hedge fund assets, up 21 percent from the end of 2007. Moving up from number eight to take the number three spot, Paulson & Company had $32 billion in assets under management at the end of 2009, a 10 percent increase from the publication’s 2007 rankings. They were followed by Brevan Howard Asset Management and Soros Fund Management, each with $27 billion; and Man Group, with $25.3 billion, Pensions & Investments said.

According to the latest ranking, 11 firms hit or passed the $20 billion mark, earning them a spot on the publication’s list of the world’s largest hedge funds. While Pensions and Investments found that the total assets under management of the 11 firms was relatively flat ($316.2 billion at the end of 2009, compared with $316 at the end of 2007) it said the figures belied the turmoil in the industry.

Source: CNBC, New York Times

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